Cemindia Projects Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2022

1. 'The standalone audited financial results have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with Companies (Indian Accounting Standards) Rules as amended from time to time. The above standalone audited financial results have been reviewed and recommended to the Board of Directors by the Audit Committee and subsequently approved by the Board of Directors of the Company at their respective meetings held on 26 May 2022.



2. 'The Company is principally engaged in a single business segment viz. Construction and has operations mainly in India.



3. 'The outbreak of COVID-19 had disrupted Company's regular business operations due to the lock down restrictions and other emergency measures imposed by Governments from time to time. The operations of the Company have significantly recovered from the economic slowdown caused by COVID-19 pandemic and have largely reached normalcy. The management has taken into account the possible impacts of known events, upto the date of the approval of these financial results, arising from COVID-19 pandemic on the carrying value of the assets and liabilities as at 31 March 2022 and the management does not forsee any significant continuing impact of COVID-19 pandemic on the operations and financial statements. However, the management will continue to closely monitor any potential impact of COVID-19.



4. 'The Board of Directors at its meeting held on 26 May 2022 has recommended a final dividend of Rs. 0.45 per share having a face value of Rs. 1 each, subject to approval of shareholders at the ensuing shareholders meeting.



5. 'Figures of the quarters ended 31 March 2022 and 31 March 2021 are the balancing figures between the audited standalone figures for the year ended on that date and the unaudited standalone published year to date figures up to the nine months period ended of that respective year.



6. 'The figures for the previous periods have been regrouped/ rearranged wherever necessary to conform to the current period's classification in order to comply with the requirements of the amended schedule III of Companies Act, 2013 effective 1 April 2021.